The crypto world is buzzing with the recent announcement from DoubleZero, a cutting-edge DePIN (Decentralized Physical Infrastructure Network) project. In a tweet that's gaining traction, DoubleZero revealed that access to their $2Z token is coming soon to users on Backpack, a popular all-in-one crypto wallet and exchange on Solana. This move highlights a key partnership, with $2Z trading set to go live on October 2 at 13:00 UTC.

What Is DoubleZero and Why Does It Matter?

DoubleZero is all about speeding up communication in high-performance distributed systems. Think of it as a supercharged network layer that reduces latency and boosts bandwidth for blockchains. By tapping into underutilized private fiber links from independent contributors, DoubleZero creates a decentralized, low-latency network that's perfect for validators, RPC nodes, and even MEV (Miner Extractable Value) systems.

In simpler terms, if you've ever dealt with slow transaction times or network congestion on blockchains like Solana, DoubleZero aims to fix that. It's built to make block propagation faster, filter out spam, and ensure smoother operations across the board. The project is backed by big names like Coinbase, Galaxy, and Jump, showing strong institutional support.

For more on their tech, check out their official site.

The $2Z Token: Utility and Recent Developments

At the heart of DoubleZero is the $2Z token, a utility token on the Solana blockchain (contract address: F9m4F8TK8tXHnfaCV42mT9bDrC2EsxwUsKiWtjkUDZ2z). With a total supply of 10 billion tokens and around 630 million in circulation, $2Z incentivizes network contributors and coordinates the protocol's operations.

What's really exciting is the recent SEC no-action letter, which confirms that programmatic transfers of $2Z aren't considered securities under certain conditions. This is a big win for DePIN projects, providing regulatory clarity and potentially paving the way for more innovation in decentralized infrastructure. As of late September 2025, $2Z has a market cap of about $168 million, trading on DEXes like those accessible via Phantom wallet.

Backpack Partnership: A Game-Changer for Accessibility

Backpack, known for its user-friendly wallet and exchange features, is bringing $2Z to a wider audience. The tweet from Backpack describes DoubleZero as "accelerating communication in high-performance distributed systems" with the catchy acronym IBRL/acc (Increase Bandwidth, Reduce Latency/accelerator). This listing means easier trading for Solana users, potentially boosting liquidity and adoption.

If you're on Backpack, mark your calendar for October 2. It's a straightforward way to get in on $2Z without jumping through DEX hoops. Download Backpack here if you haven't already.

Implications for Meme Tokens and Blockchain Practitioners

While DoubleZero is more infrastructure-focused than your typical meme token, its playful branding—like "2Z" and cryptic tweets with "IBRL x WAO"—gives it that meme vibe. In the Solana ecosystem, where memes thrive, this could spark community-driven hype. For blockchain devs and traders, faster networks mean better performance in high-stakes environments like on-chain trading or restaking.

This partnership underscores a trend: DePIN projects blending utility with accessibility. As meme tokens evolve, tools like DoubleZero could enhance the underlying tech, making the space more robust.

Stay tuned to Meme Insider for more updates on emerging tokens and blockchain news. What do you think about $2Z's potential? Drop your thoughts in the comments!

For the original tweet, head over to X.